Common use of Acceptability Clause in Contracts

Acceptability. Notwithstanding the ------------- provisions of this Section 7.3, the DI Shareholders shall not be entitled to designate any person as the DI Designee to CTC's Board of Directors if the election of such person as a director would result in any violation of any applicable law or order. CTC shall not be obligated to elect to its Board of Directors any person whose service as a member thereof would have or be reasonably likely to have a material adverse effect on CTC's conduct of its business or such Board's ability to carry out or discharge its responsibilities. If any such person has been designated by the DI Shareholders and rejected by CTC, the DI Shareholders shall be permitted to designate a substitute DI Designee in accordance with this Section.

Acceptability. Notwithstanding the ------------- provisions of this Section 7.3, the DI Shareholders shall not be entitled to designate any person as the DI Designee to CTC's ’s Board of Directors if the election of such person as a director would result in any violation of any applicable law or order. CTC shall not be obligated to elect to its Board of Directors any person whose service as a member thereof would have or be reasonably likely to have a material adverse effect on CTC's ’s conduct of its business or such Board's ’s ability to carry out or discharge its responsibilities. If any such person has been designated by the DI Shareholders and rejected by CTC, the DI Shareholders shall be permitted to designate a substitute DI Designee in accordance with this Section.

Acceptability. Notwithstanding the ------------- provisions of this Section 7.3, the DI Shareholders shall not be entitled to designate any person as the DI Designee to CTC's Board of Directors if the election of such person as a director would result in any violation of any applicable law or order. CTC shall not be obligated to elect to its Board of Directors any person whose service as a member thereof would have or be reasonably likely to have a material adverse effect on CTC's conduct of its business or such Board's ability to carry out or discharge its responsibilities. If any such person has been designated by the DI Shareholders and rejected by CTC, the DI Shareholders shall be permitted to designate a substitute DI Designee in accordance with this Section.